Apollo Ingredients 46th AGM Approves Director Changes

Summary of Proceedings

The 46th AGM was held on 29th June 2026, commencing at 04:00 p.m. and concluding at 04:42 p.m. The meeting was conducted through Video Conferencing (VC).

Attendees and Management

All Directors, Key Managerial Personnel, Statutory Auditors, Secretarial Auditor, and the Scrutinizer participated through VC. Mr. Kirit Ghanshyam Mutreja, Managing Director, chaired the proceedings. The meeting was commenced by CS Ayushi Agrawal, Company Secretary & Compliance Officer, who welcomed members and briefed them on general instructions regarding e-voting.

Voting Process

Remote e-voting commenced on Friday, 26th June 2026 at 09:00 a.m. and concluded on Sunday, 28th June 2026 at 5:00 p.m. E-voting facility was also made available during the AGM for members who had not cast their vote through remote e-voting. Ravi Patidar & Associates, Practicing Company Secretaries (Membership No. 55749), was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting during the AGM. The requisite quorum for the meeting was present as per section 103 of the Companies Act, 2013.

Business Transacted

The following items of business, as set out in the AGM Notice dated 05th June 2026, were transacted by remote e-voting and e-voting:

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31st, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. To appoint a director in place of Ms. Lovely Ghanshyam Mutreja (DIN: 03307922), who retires by rotation and, being eligible, offers herself for re-appointment.

Special Business:

3. To consider and approve the appointment of Mr. Amol Dinkar Nigudkar (DIN: 11720265) as an Independent Director of the Company.

4. To consider and approve the change in Designation of Ms. Lovely Ghanshyam Mutreja (DIN: 03307922) from the post of Managing Director to Executive Director (Marketing Director) of the Company.

5. To consider and approve the change in Designation of Mr. Kirit Ghanshyam Mutreja (DIN: 07514391) from the post of Executive Director to Managing Director of the Company.

6. To Take Note of the Revised Practicing Chartered Accountant Certificate pursuant to Regulation 45(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

7. To consider and approve material related party transaction limits for sale, purchase or supply of any goods or materials with certain Related Parties.

8. To consider and approve the alteration of Clause III(A) of the Memorandum of Association of the Company by insertion of a new Object Clause.

Shareholder Interaction and Results

Ms. Lovely Ghanshyam Mutreja addressed questions raised by a shareholder during the meeting. The members were informed that the results of the voting (remote e-voting and e-voting during the meeting) along with the Scrutinizer's Report would be submitted to the Stock Exchange within 2 working days from the conclusion of the meeting as per Regulation 44(3) of the Listing Regulations and would also be uploaded on the company's website.

Annexure-I: Director Profile Disclosures

Disclosure of information pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, for the newly appointed director and those whose designations were changed.

Mr. Amol Dinkar Nigudkar (DIN: 11720265)

Brief Profile: Holds a Bachelor of Commerce (B.Com) degree. Possesses knowledge and experience in business administration and commercial operations with demonstrated analytical and managerial capabilities. Contributes effectively towards organizational growth and governance. His professional approach supports strategic decision-making and business development.
Relationships: No relation disclosed between directors.
SEBI Status: Not debarred from holding office as Director.
Other Directorships: Nil in listed entities.
Committee Memberships: Nil in other companies.
Resignations: Nil from listed entities in the past three years.

Ms. Lovely Ghanshyam Mutreja (DIN: 03307922)

Brief Profile: Aged 40 years, Promoter and Managing Director. Holds a Master of Business Administration (MBA) in Foreign Trade from Devi Ahilya Vishwavidhyalaya, Indore. Has over 15 years of experience in the field of a Pharmaceutical Company.
Relationships: Sister of Mrs. Lalita Ganshyam Mutreja and Mr. Kirit Ghanshyam Mutreja.
SEBI Status: Not debarred from holding office as Director.
Other Directorships: Nil in listed entities.
Committee Memberships: Nil in other companies.
Resignations: Nil from listed entities in the past three years.

Mr. Kirit Ghanshyam Mutreja (DIN: 07514391)

Brief Profile: Holds a degree of Master of Management Studies from the University of Mumbai. Has over 06 years of experience in the field of Marketing.
Relationships: Brother of Mrs. Lalita Ghanshyam Mutreja and Mrs. Lovely Ghanshyam Mutreja.
SEBI Status: Not debarred from holding office as Director.
Other Directorships: Nil in listed entities.
Committee Memberships: Nil in other companies.
Resignations: Nil from listed entities in the past three years.

Annexure-II: Details of Related Party Transactions

Details as per Regulation 23 of SEBI (LODR) Regulations, 2015 read with Section 188 of the Companies Act, 2013, for the transaction approved under item 7 of the special business.